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Balance Sheet Components (Tables)
3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value of the Available-For-Sale Investments
The fair value of the Company's available-for-sale investments as of March 31, 2020 and December 31, 2019 are as follows (in thousands):


March 31, 2020
Gross UnrealizedEstimated
Amortized CostGainsLossesFair Value
Money market funds$23,202  $—  $—  $23,202  
U.S. treasury bills3,997   —  4,000  
Commercial paper9,938  —  —  9,938  
Corporate bonds/notes10,227  —  (30) 10,197  
U.S. government securities44,280  474  —  44,754  
Asset-backed securities5,183  —  (5) 5,178  
$96,827  $477  $(35) $97,269  
Classified as:
Cash equivalents$27,202  
Short-term investments70,067  
$97,269  
December 31, 2019
Gross UnrealizedEstimated
Amortized CostGainsLossesFair Value
Money market funds$34,363  $—  $—  $34,363  
Commercial paper9,919  —  —  9,919  
Corporate bonds/notes10,180  —  (4) 10,176  
U.S. government securities44,450   (3) 44,456  
Asset-backed securities5,181  —  —  5,181  
$104,093  $ $(7) $104,095  
Classified as:
Cash equivalents$34,363  
Short-term investments51,508  
Long-term investments18,224  
$104,095  
Fair Value of Cash Equivalents, Short-Term and Long-Term Equivalents
The following table summarizes the fair value of the Company’s cash equivalents, short-term and long-term investments classified by maturity as of March 31, 2020 and December 31, 2019 (in thousands):

March 31,December 31,
20202019
Amounts maturing within one year$97,269  $85,871  
Amounts maturing after one year through two years—  18,224  
$97,269  $104,095  
Schedule of Unrealized Loss on Investments
The following table presents the Company's available-for-sale investments that were in an unrealized loss position as of March 31, 2020 and December 31, 2019 (in thousands):


March 31, 2020December 31, 2019
Less than 12 monthsLess than 12 months
Assets:Fair ValueUnrealized LossFair ValueUnrealized Loss
Corporate bonds/notes$10,083  $(30) $10,128  $(4) 
Asset-backed securities5,174  (5) —  —  
U.S. government securities—  —  19,067  (3) 
$15,257  $(35) $29,195  $(7) 
Schedule of Inventories
Components of inventories were as follows:
(in thousands)March 31,December 31,
20202019
Raw materials$1,539  $1,203  
Finished products10,562  9,119  
Total$12,101  $10,322  
Schedule of Accrued Liabilities
Accrued liabilities consist of the following:
(in thousands)March 31,December 31,
20202019
Accrued payroll and related expenses$5,642  $9,151  
Provision for sales returns2,735  2,419  
Accrued professional services380  682  
Operating lease liability788  769  
Accrued royalty expense477  470  
Deferred revenue174  304  
Accrued travel expenses276  431  
Accrued clinical expenses181  241  
Accrued other expenses472  567  
Total$11,125  $15,034